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Wednesday, July 04, 2012

GSBF 2012 to focus on new market opportunities in ASEAN

SINGAPORE: For the first time, a select group of Singapore enterprises will be opening their Indonesian operations to a delegation of 30 German and Singapore enterprises.

This is part of the activities for this year's biennial German-Singapore Business Forum (GSBF).

In a media release, SPRING Singapore said more than 100 delegates from Germany and Singapore have gathered in Singapore for the forum held from July 3 to 7.

The GSBF is a key platform for small and medium enterprises (SMEs) from both countries to network, exchange ideas and identify collaboration opportunities.

This year's forum aims to tap the knowledge and expertise of Singapore enterprises to explore new growth potentials and market opportunities in the ASEAN region.

For the first time, Singapore enterprises like YCH Logistics, Sanwa Group and CEI Contract Manufacturing, with regional operations in Jakarta and Batam, will open their facilities to the delegation keen to explore growth potentials and market opportunities in Indonesia.

"As the world is shifting its interest to Asia, especially the emerging markets for the business opportunities it offers, our SMEs are well-positioned to be key partners to German Mittelstands looking to expand into the region. The deeper and more strategic partnerships will fuel the growth of German and Singapore SMEs for long-term economic growth," said Mr Philip Yeo, Chairman of SPRING Singapore, who has been the Singapore GSBF co-chair since 2007.

SPRING Singapore said this year's forum will focus on fostering collaborations in three key sectors: Precision Engineering, Medical Technology and Environmental Technology.